Ayla Networks, a Sunnyvale, Calif.-based provider of an Agile Internet of Things (IoT) Platform, closed a $14.5m Series B financing.
Backers included Cisco, the International Finance Corporation, a member of the World Bank Group, Linear Venture, SAIF Partners, and SJF Ventures and existing investors Crosslink Capital and Voyager Capital.
The company intends to use the funds to expand its business in China and then in other emerging markets.
Led by David Friedman, co-founder and CEO, Ayla Networks provides an agile platform for the Internet of Things which allows companies to develop, support, and enhance smart connected solutions, end-to-end. It is compatible with a variety of communication standards and OSes, including Wi-Fi, Bluetooth, Zigbee, Linux, Android, iOS and others.
Built-in analytics enable real-time learning and a virtual device management system allows manufacturers to quickly react to this learning and modify their products. Features include multi-tiered role based access control, remote firmware update management and customer service visibility tools.
The company has established partnerships and combined solutions with several leading chip and system suppliers to the Internet of Things, including Broadcom, Murata Americas, NXP, STMicroelectronics, and United Scientific Industrial Co.
05/06/2013: Ayla Networks Raises $5.4M in Series A Financing